PNC Financial Services Group Inc. Has $19.36 Million Stock Holdings in Johnson Controls International plc $JCI

PNC Financial Services Group Inc. reduced its stake in Johnson Controls International plc (NYSE:JCI) by 57.3% during the 1st quarter, Holdings Channel reports. The firm owned 147,884 shares of the company’s stock after selling 198,437 shares during the period. PNC Financial Services Group Inc.’s holdings in Johnson Controls International were worth $19,365,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Maseco LLP boosted its holdings in Johnson Controls International by 102.9% during the fourth quarter. Maseco LLP now owns 211 shares of the company’s stock worth $25,000 after buying an additional 107 shares during the last quarter. Mcguire Capital Advisors Inc. acquired a new stake in Johnson Controls International in the fourth quarter worth $27,000. Twin Tree Management LP increased its position in shares of Johnson Controls International by 140.9% in the 4th quarter. Twin Tree Management LP now owns 260 shares of the company’s stock valued at $31,000 after buying an additional 895 shares in the last quarter. YANKCOM Partnership bought a new stake in shares of Johnson Controls International in the 4th quarter valued at $34,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in Johnson Controls International during the 4th quarter worth $38,000. Institutional investors own 90.05% of the company’s stock.

Insider Activity

In related news, VP Todd M. Grabowski sold 1,800 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total value of $263,160.00. Following the completion of the sale, the vice president directly owned 26,215 shares in the company, valued at approximately $3,832,633. This trade represents a 6.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Lei Zhang Schlitz sold 88,809 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $140.99, for a total value of $12,521,180.91. Following the transaction, the vice president directly owned 57,059 shares in the company, valued at $8,044,748.41. The trade was a 60.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on JCI. Wells Fargo & Company boosted their target price on Johnson Controls International from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Sanford C. Bernstein began coverage on shares of Johnson Controls International in a report on Tuesday, June 9th. They issued an “outperform” rating and a $176.00 price target for the company. Evercore began coverage on Johnson Controls International in a report on Monday, April 13th. They set a “hold” rating and a $155.00 target price for the company. Citigroup upped their price objective on Johnson Controls International from $150.00 to $155.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, JPMorgan Chase & Co. increased their price objective on Johnson Controls International from $158.00 to $162.00 in a report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Johnson Controls International presently has a consensus rating of “Moderate Buy” and a consensus price target of $152.85.

Johnson Controls International Stock Performance

JCI opened at $143.35 on Friday. The business’s 50-day simple moving average is $141.84 and its 200 day simple moving average is $136.02. Johnson Controls International plc has a 52-week low of $102.09 and a 52-week high of $151.18. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 1.04. The firm has a market capitalization of $87.46 billion, a PE ratio of 25.64, a PEG ratio of 1.54 and a beta of 1.31.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share for the quarter. The firm had revenue of $6.14 billion during the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%. As a group, sell-side analysts expect that Johnson Controls International plc will post 4.9 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 15th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, June 15th. Johnson Controls International’s dividend payout ratio is presently 28.62%.

Johnson Controls International Profile

Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.